XA Network, an investment network founded by tech alumni in Southeast Asia, has announced its expansion into Africa with the launch of XA Africa, in a move that is expected to see the firm foster innovation and supporting promising startups globally.
Founded by Nitin Gajria, former MD of Google Sub-Saharan Africa, Jason Scott, venture capitalist and an architect of the Black Founders Fund at Google and Marek Dawidowicz, current Marketing Director at YouTube and South African native, XA Africa aims to connect exceptional African tech founders with seasoned investors and industry experts.
“Founders of technology startups in Africa are uniquely placed to solve some of Africa’s most profound challenges and unlock its greatest opportunities. We see the foray of XA Network into Africa as a natural progression, allowing us to connect amazing founders to experienced and expert operators from the tech industry”, says Nitin Gajria, Co-Founder of XA Africa.
XA Africa will provide not just capital but also the guidance and support needed to scale their ventures. XA Africa has already made notable investments in Nigeria’s Crop2Cash, Kenya’s BuuPass, South Africa’s Kaya and Ghana’s Talamus Health.
The parent firm, XA Network, was incepted six years ago and has established itself as a significant player in the Southeast Asian startup ecosystem, making nearly 100 investments in the region. XA Network comprises senior leaders from prominent global and regional technology companies and notable company founders. This approach distinguishes XA Network, enabling it to offer portfolio companies unparalleled guidance and support from experienced industry operators.
“We also see an opportunity to build a stronger bridge between ecosystems in Africa and Southeast Asia along the way. In fact, this investment hypothesis has already been proven across some of the African founders we are currently supporting.”, Mr Gajria added
The XA Africa team will be hosting their first public Demo Day webinar on Thursday November 7, 1-2pm GMT+1.